AXP HIGH YIELD TAX-EXEMPT FUND
485BPOS, EX-99.(J)-AUDCONS, 2000-06-15
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Independent Auditors' Consent

The board and shareholders
AXP High Yield Tax-Exempt Fund, Inc.:


We consent to the use of our report  incorporated herein by reference and to the
references to our Firm under the headings  "Financial  highlights" in Part A and
"INDEPENDENT AUDITORS" in Part B of the Registration Statement.



/s/ KPMG
KPMG LLP
Minneapolis, Minnesota
June 15,  2000



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